12610 Figueroa St., Los Angeles, California 90061, Los Angeles, 90061 - bed, bath
ACTIVE$925,000
12610 Figueroa St., Los Angeles, California 90061
0Bed
0Bath
3,522Sqft
7,884Lot
Year Built
1941
Close
-
List price
$925K
Original List price
$975K
Price/Sqft
$263
HOA
-
Days on market
-
Sold On
-
MLS number
SB25081354
Home ConditionFair
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $925.0K(50th), sqft - 3522(50th), beds - undefined(50th), baths - undefined(50th).
12610 S Figueroa Street is a 3,522 SF 5-Unit property on a 7,884 SF lot in South Los Angeles located near the 110 and 105 freeways. Features beautiful, low maintenance landscaping and a new roof that was added in 2022. The property features 4 parking spots, a storage room and exterior security gate. 100% occupied.
Price History
Date
Event
Price
03/19/14
Sold
$425,000
12/03/04
Sold
$450,000
Condition Rating
Fair
Built in 1941, this property shows its age despite a new roof installed in 2022. While the interior appears clean with updated flooring (laminate and carpet) and fresh paint, the presence of a wall-mounted heater indicates an outdated HVAC system. There are no images of the kitchen, but the glimpse of the bathroom suggests basic, older fixtures. The property is maintained and functional, as evidenced by its 100% occupancy, but it requires significant updates to kitchens, bathrooms, and major systems (beyond the roof) to meet current quality and style standards.
Pros & Cons
Pros
Strong Income Potential: The property is a 5-unit building that is 100% occupied, ensuring immediate and stable rental income for an investor.
Recent Capital Improvement: A new roof was installed in 2022, significantly reducing immediate maintenance concerns and capital expenditure for the buyer.
Strategic Location & Accessibility: Located near the 110 and 105 freeways, offering excellent transportation access for tenants and potential for future appreciation.
Enhanced Security & Aesthetics: Features an exterior security gate and low-maintenance landscaping, contributing to tenant safety, property appeal, and reduced upkeep.
Valuable On-Site Amenities: The property includes 4 parking spots and a storage room, providing practical conveniences that add value in an urban setting.
Cons
Property Age: Built in 1941, the property's age suggests potential for older infrastructure (e.g., plumbing, electrical) that may require future upgrades despite the new roof.
Limited Parking Capacity: With only 4 parking spots for a 5-unit property, not all tenants will have dedicated on-site parking, which could be a drawback for some renters.
Recent Price Reduction: The list price has been reduced from $975,000 to $925,000, which could indicate initial overpricing or market resistance, potentially raising questions for buyers.